Analysts Set Allied Properties Real Estate Investment Trust (TSE:AP.UN) Target Price at C$17.53

Allied Properties Real Estate Investment Trust (TSE:AP.UNGet Free Report) has been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$17.53.

AP.UN has been the subject of a number of analyst reports. Scotiabank reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$20.50 to C$19.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. CIBC cut their price target on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$17.50 and set a “neutral” rating for the company in a report on Friday, May 2nd. Desjardins cut their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$17.00 and set a “hold” rating for the company in a report on Friday, May 2nd. Raymond James Financial cut their price target on shares of Allied Properties Real Estate Investment Trust from C$16.50 to C$16.25 and set a “market perform” rating for the company in a report on Friday, May 2nd. Finally, Royal Bank Of Canada cut their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a report on Monday, May 5th.

View Our Latest Stock Report on AP.UN

Allied Properties Real Estate Investment Trust Price Performance

TSE:AP.UN opened at C$16.82 on Friday. The company has a 50-day moving average of C$15.74 and a 200-day moving average of C$16.47. The company has a market capitalization of C$2.15 billion, a price-to-earnings ratio of -4.56 and a beta of 1.26. Allied Properties Real Estate Investment Trust has a 52 week low of C$13.44 and a 52 week high of C$20.74. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45.

Allied Properties Real Estate Investment Trust Company Profile

(Get Free Report

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada’s major cities. Most of the total square footage in the company’s real estate portfolio is located in Toronto and Montreal.

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Analyst Recommendations for Allied Properties Real Estate Investment Trust (TSE:AP.UN)

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